Rent to Own Refinance

[Sam Stout]

I sold one of my rentals to a friend in a wrap purchase scenario.  It has now been over two years, he has never missed a payment, and for the last 12 months, has been paying the lender directly from his bank account.  The 1st position loan is still in my name, and I have the 2nd loan with the buyer.  We would both like to refi the property into his name, but he has 6 conventional loans already, and he is having a hard time getting another.  FYI, he is a real estate investor.  Anybody have a solution?  The home is located in California.  Thanks!